In an opinion piece published in the Wall Street Journal, former President Donald Trump asserted that his aggressive tariff policies have spurred a significant turnaround in the U.S. economy. He described the outcome as an “American economic miracle,” countering earlier warnings that such measures would trigger global instability.
Trump recalled widespread skepticism when he introduced sweeping tariffs on imports from nearly all nations in April of the previous year. Critics, including economists and media figures, had forecast stock market declines, slowed growth, high inflation, and a collapse in exports. However, according to Trump, the reality has been the opposite.
Since his 2024 election, he noted the stock market reached 52 record highs with minimal inflationary pressure. He also claimed a 27% reduction in the federal budget deficit and a dramatic 77% contraction in the monthly trade imbalance. American exports, he added, have grown by $150 billion, while domestic manufacturing activity has surged, including a 42% rise in factory construction since 2022.
Monthly steel output has increased by over 300,000 tons, and China’s share of U.S. exports has dropped to its lowest level since its WTO accession in 2001. Trump attributed these gains to protectionist trade strategies, arguing that tariffs historically strengthened the nation and are doing so again.
He challenged skeptics, particularly at the Journal, to reconsider their stance, humorously suggesting they might now embrace his slogan, “TRUMP WAS RIGHT ABOUT EVERYTHING.”
— news from New York Post
— News Original —
Trump boasts his tariff blitz has ‘created an American economic miracle’ in WSJ op-ed
President Trump bragged Friday that his tariff blitz has “created an American economic miracle,” while blasting Democrats for handing him a “catastrophically” high budget deficit. n nTrump shared his assessment of the economy in a Wall Street Journal op-ed, boasting that his sweeping tariffs transformed a “DEAD” nation into the “HOTTEST” in the world. n n“When I imposed historic tariffs on nearly all foreign countries last April, the critics said my policies would cause a global economic meltdown,” the president wrote. n n“Instead, they have created an American economic miracle, and we are quickly building the greatest economy in the history of the world, with other countries doing just fine!” n nTrump took aim at his detractors and argued that he’s proved them wrong. n n“Countless so-called experts, including those featured frequently in The Wall Street Journal, predicted confidently that the Trump tariffs would crash stock markets, crush economic growth, cause massive inflation, destroy American exports, and trigger a ‘worldwide recession,’ he continued. n n“Nine months later, the results are in, every one of those predictions has proven completely and totally wrong. Since I was elected in 2024, we have had 52 stock market highs, with virtually not inflation. There has never been anything like it!” n nTrump slammed former President Joe Biden, claiming his “radical policies” left the economy in ruins and that “trillions of dollars” in wasteful spending triggered the worst inflation in decades and the largest trade deficit in “world history.” n nThe commander in chief credited his tariffs with driving a 27% drop in the federal budget deficit and slashing the monthly trade deficit by a whopping 77%. n nHe also highlighted that American exports have jumped $150 billion, factory construction is up 42% since 2022, domestic steel production has risen by more than 300,000 tons a month, and China’s share of US exports has fallen to its lowest since joining the World Trade Organization in 2001. n n“It was the tariff that made America strong and powerful in generations past, and its tariffs that are making our country stronger, safer and richer than ever before,” Trump wrote, touting his America-first policies. n n“Given then results of the past year, and the spectacular economic numbers coming out every single day, perhaps it is time for the tariff skeptics at the Journal to consider putting on one of my favorite red hats — the one that reads, ‘TRUMP WAS RIGHT ABOUT EVERYTHING.’”